Parallex Bank has been named the Challenger Bank of the Year 2022 at the BusinessDay Banks and Other Monetary Establishments Grants held in Lagos on Saturday.

In his acknowledgment discourse, the Managing Director and Chief Executive Officer, Parallex Bank, Mr Olufemi Bakre, described the award as a further testament that the lender is on the right path.
As indicated by Bakre, the bank is set out from the very start to be a moneylender with the distinction, offering its clients a boundless financial encounter and interfacing with their clients at the center of their financial requirements and trouble spots.

Bakre said, “It is gratifying to note that by staying true to the company’s core values of professionalism, innovation, excellence, customer centricity, and collaboration, Parallex Bank has been adjudged the Challenger Bank of the Year. “

The bank recalled it had won the award for the Most Innovative Young Commercial Bank in Nigeria at the Marketing Edge Awards and had, in the penultimate week, won the Excellence in Agency Banking Award at the 2022 Finnovex Awards.

The Publisher of Businessday Limited, Mr Frank Aigbogun, was quoted as saying that the BAFI Awards was supported by the BusinessDay Research and Intelligence Unit, and nominations for the award were the culmination of a  review process. According to him, Businessday Media Limited has a thorough understanding of the events in Nigerian banks and other financial institutions.

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